One critical aspect of the IRB (Internal Ratings-Based) program that often goes unnoticed in discussions about IRB or IRB repair programs is the recruitment challenge. In this blog, we will explore the costs and challenges associated with recruiting credit risk professionals in the UK and the key questions that organisations should consider when building their
Is risk management in high demand? Risk management within the financial services sector is indeed in high demand. The financial services industry has historically placed a strong emphasis on risk management due to its inherent exposure to various types of risks, including market risk, credit risk, operational risk, and regulatory compliance risk. As a Risk
In the dynamic world of financial services consultancies, senior candidates, such as Partners and Directors, play a pivotal role in shaping the firm’s success. From risk management to regulatory affairs, structured finance, data analytics, and financial restructuring, these consultancies require top-tier talent with a unique blend of skills and expertise. What are the key attributes
In the fast-paced and interconnected world of finance, operational resilience has emerged as a critical aspect of risk management. With financial regulators such as the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) placing increasing emphasis on operational resilience, financial institutions are witnessing a significant transformation in their risk functions. This blog explores
Introduction In the fast-evolving landscape of finance, data-driven decision-making has become paramount, especially in the realm of credit risk management. As financial institutions grapple with growing volumes of data, the ability to extract meaningful insights efficiently is crucial. Python, a powerful programming language, has emerged as a go-to tool for data analysis, predictive modeling, and
French or Filipinos? Indian or Italian? The potential changing landscape of post-Brexit risk recruitment. For as long as I have worked in risk recruitment (which is a long time!), there has been a skill shortage particularly for more quantitative roles. The UK does not produce enough STEM graduates to meet the demand within the UK. The
